Financial Capability

In response to Puerto Rico's economic and natural disaster challenges, NALCAB provided a $650,000 loan to Centro para la Reconstrucción del Hábitat, Inc. (CRH), supported by the Robert Wood Johnson Foundation’s Program Related Investments.

In his illuminating article, Javier Rivas of the Latino Economic Development Center (LEDC), a valued NALCAB member, sheds light on LEDC's pivotal role in supporting BIPOC and immigrant-based businesses. Serving as a beacon of hope, LEDC functions as a community development financial institution, offering crucial technical assistance to the Latinx community and beyond.

Mara Rico and Lourdes Herencia Carrasco of NALCAB member Adelante Mujeres illuminate the journey of a small Latino community in Washington County, Oregon. With a focus on empowering Latina immigrants and their families, Adelante Mujeres has pioneered a holistic support system over two decades.

When Angel Archuleta first approached Inclusive Action for support with his small business, he was faced with obstacles that seemed unsurmountable, such as poor credit due to past-due predatory loans and his status as a formerly incarcerated individual. Now that he has been able to rebuild his credit and access the capital he needs to invest in his business, Angel continues successfully designing and selling his clothing as a second-generation street vendor in South Central Los Angeles.

As part of a 2018-2020 Wells Fargo grant from NALCAB, the Hispanic Interest Coalition of Alabama (¡HICA!) was able to more formally integrate financial capability curriculum into their existing programs and drastically increase the number of clients that they were able to help gain financial success.

When Lisa first approached JPNDC, she was unemployed and living on the savings she had accumulated in hopes of one day buying a home. Through their services and a rent reporting pilot, she found employment, raised her credit score, began saving for retirement, a home and college for her child and more.